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It is the aim of the Foundation to maximize the return of the investment portfolio within reasonable and prudent levels of risk. Our Finance and Investment Committee works with Oxford Group, an independent investment consulting firm, to monitor the implementation of our investment policy.
Endowment dollars are pooled for investment purposes, then tracked on a fund basis. In our portfolio, investments are diversified across asset classes and management styles, in order to grow principal through a total return approach (interest, dividends and capital appreciation) while keeping pace with inflation.
Investment Results
Community Foundation of Bloomington and Monroe County, Inc.
| Year Ending |
Net Return |
Policy Index |
Portfolio Assets |
| June 30, 2002 |
(6.7%) |
(7.8%) |
$9,217,971 |
| June 30, 2003 |
2.5% |
3.0% |
$9,982,228 |
| June 30, 2004 |
17.1% |
16.6% |
$11,835,387 |
| June 30, 2005 |
9.4% |
8.0% |
$12,609,053 |
| June 30, 2006 |
10.6% |
9.5% |
$13,256,386 |
| June 30, 2007 |
15.9% |
15.6% |
$16,071,433 |
| June 30, 2008 |
(1.2%) |
(4.8%) |
$15,281,761 |
*Net Return: Return net of direct investment charges for managers of specific asset classes. Endowment funds are also expensed the cost of the financial oversight provided by Oxford Group, currently about 18 -19 basis points (.18% - .19%) annually. The Community Foundation also charges an administrative fee.
+The policy index is a composite of indices used to benchmark each asset class and style we invest in, such as Standard and Poor’s 500 Index for core equity and the Russell 1000 Growth Index for growth equity. The benchmark indices are weighted the same as our overall asset allocation and combined into the composite to provide an overall comparison.
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